MNI BRIEF: Federal Reserve Withdraws From Climate Consortium

MNI BRIEF: Internat'l Finance Bodies Still Needed - BOE Bailey

MNI:BOC Says Covid Guidance Was Unclear, Will Tie To Inflation

MNI China Daily Summary: Friday, January 17

MNI BRIEF: NBS Notes Favourable Conditions For China CPI

MNI BRIEF: China's Q4 GDP Grow By 5.4%, Meeting 2024 Target

MNI: US DEC INDUSTRIAL PROD +0.9%; CAP UTIL 77.6%

EZ/UK Bond Supply Calendar: EFSF Synd "Upcoming", Slov Due Mon

MNI: US DEC HOUSING STARTS 1.499M; PERMITS 1.483M

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

RUSSIA: IRAN-Putin Talks Up Gas & Nuclear Projects As Cooperation Treaty Signed

RUSSIA
EM BulletIranCommoditiesEnergy BulletsCEEMEARussiaBulletPower BulletsEmerging Market NewsMiddle East

Russian President Vladimir Putin is speaking at a press conference in Moscow alongside his Iranian counterpart Masoud Pezeshkian. The main reason for Pezeshkian's visit has been the signing of a new Comprehensive Strategic Partnership Treaty that intends to formalise and deepen economic, technological and military cooperation between the two countries. 

  • Ties between Moscow and Tehran have become closer since Russia launched its full-scale invasion of Ukraine in 2022, with Iran becoming a key supplier of drone to Russia for use in its attacks on Ukrainian energy and civilian infrastructure. For Iran, which has suffered significant geopolitical setbacks in the form of a crumbling of its 'axis of resistance' (Hamas, Hezbollah, Houthis) and the prospect of new sanctions under the Trump administration in the US, securing Russia's long-term support comes at an opportune time.
  • Putin: "These projects (the gas pipeline from Russia to Iran and the North-South corridor - ed.) are in progress. And we assume that they will be implemented," Says that Russia will begin supplying small quantities of natural gas to Iran, with technical issues to be discussed. Adds that up to 55 BCM/year could eventually be supplied.
  • The two also discussed the prospect of Russia building new nuclear power stations in Iran. Putin: "We have a huge project in nuclear energy. One unit is already operating successfully. We are currently discussing the possibility of building additional units," 
229 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Russian President Vladimir Putin is speaking at a press conference in Moscow alongside his Iranian counterpart Masoud Pezeshkian. The main reason for Pezeshkian's visit has been the signing of a new Comprehensive Strategic Partnership Treaty that intends to formalise and deepen economic, technological and military cooperation between the two countries. 

  • Ties between Moscow and Tehran have become closer since Russia launched its full-scale invasion of Ukraine in 2022, with Iran becoming a key supplier of drone to Russia for use in its attacks on Ukrainian energy and civilian infrastructure. For Iran, which has suffered significant geopolitical setbacks in the form of a crumbling of its 'axis of resistance' (Hamas, Hezbollah, Houthis) and the prospect of new sanctions under the Trump administration in the US, securing Russia's long-term support comes at an opportune time.
  • Putin: "These projects (the gas pipeline from Russia to Iran and the North-South corridor - ed.) are in progress. And we assume that they will be implemented," Says that Russia will begin supplying small quantities of natural gas to Iran, with technical issues to be discussed. Adds that up to 55 BCM/year could eventually be supplied.
  • The two also discussed the prospect of Russia building new nuclear power stations in Iran. Putin: "We have a huge project in nuclear energy. One unit is already operating successfully. We are currently discussing the possibility of building additional units,"